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National Beverage

236 hedge funds and large institutions have $848M invested in National Beverage in 2025 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 77 increasing their positions, 84 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

194% more call options, than puts

Call options by funds: $1.72M | Put options by funds: $583K

23% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 26

1% more funds holding

Funds holding: 233236 (+3)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.54% less ownership

Funds ownership: 25.07%24.53% (-0.54%)

8% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 84

16% less capital invested

Capital invested by funds: $1.01B → $848M (-$167M)

Holders
236
Holders Change
+3
Holders Change %
+1.29%
% of All Funds
3.1%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
32
Increased
77
Reduced
84
Closed
26
Calls
$1.72M
Puts
$583K
Net Calls
+$1.13M
Net Calls Change
+$468K
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
51
UBS Group
Switzerland
$1.62M -$317K -7,324 -14%
Ameriprise
52
Ameriprise
Minnesota
$1.61M -$128K -2,949 -6%
TI
53
Tidal Investments
Wisconsin
$1.55M +$490K +11,326 +37%
Assenagon Asset Management
54
Assenagon Asset Management
Luxembourg
$1.5M +$821K +18,979 +88%
VFA
55
Values First Advisors
Tennessee
$1.47M -$18.4K -424 -1%
LTAS
56
Linden Thomas Advisory Services
North Carolina
$1.39M -$12.8K -296 -0.8%
SPS
57
Susquehanna Portfolio Strategies
Pennsylvania
$1.31M +$1.53M +35,393 New
Barclays
58
Barclays
United Kingdom
$1.3M -$582K -13,450 -28%
UBS AM
59
UBS AM
Illinois
$1.28M -$1.21M -27,898 -45%
VRS
60
Virginia Retirement Systems
Virginia
$1.21M -$294K -6,800 -17%
SG Americas Securities
61
SG Americas Securities
New York
$1.1M +$1.29M +29,792 New
GF
62
Gabelli Funds
New York
$1.09M +$86.6K +2,000 +7%
AQR Capital Management
63
AQR Capital Management
Connecticut
$1.09M -$10.5K -243 -0.8%
PP
64
PDT Partners
New York
$1.05M -$208K -4,800 -14%
American Century Companies
65
American Century Companies
Missouri
$1.04M -$245K -5,662 -17%
EGM
66
Engineers Gate Manager
New York
$1.04M +$644K +14,872 +113%
DC
67
Davenport & Co
Virginia
$1.01M -$44.3K -1,023 -4%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$943K +$168K +3,893 +18%
AllianceBernstein
69
AllianceBernstein
Tennessee
$933K +$73K +1,686 +7%
EP
70
Edgestream Partners
New Jersey
$908K -$1.09M -25,162 -51%
Corient Private Wealth
71
Corient Private Wealth
Florida
$903K -$15.9K -368 -1%
T. Rowe Price Associates
72
T. Rowe Price Associates
Maryland
$884K +$49.3K +1,138 +5%
Prudential Financial
73
Prudential Financial
New Jersey
$875K -$559K -12,920 -35%
New York State Teachers Retirement System (NYSTRS)
74
New York State Teachers Retirement System (NYSTRS)
New York
$869K
MAM
75
Martingale Asset Management
Massachusetts
$861K +$1.01M +23,319 New

FIZZ Hedge Fund Activity: Q3 2025 in Review

236 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in National Beverage (FIZZ) for Q3 2025, worth a combined $848M — down 16% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new FIZZ positions and 26 closed out — a net gain of 6 holders — while 77 added to existing stakes and 84 trimmed.

The largest buyer was Two Sigma Investments, adding an estimated $4.85M. The largest seller was Millennium Management, cutting an estimated $11.5M.

  • 236 institutional investors held National Beverage (FIZZ) as of Q3 2025, up from 233 in Q2 2025.
  • Funds reported $848M of National Beverage stock for Q3 2025, down 16% quarter-over-quarter.
  • 32 funds opened new National Beverage positions in Q3 2025 and 26 closed out, a net change of +6 holders.
  • The largest National Beverage buyer in Q3 2025 was Two Sigma Investments, an estimated $4.85M added.
  • The largest National Beverage seller in Q3 2025 was Millennium Management, an estimated $11.5M sold.

Based on aggregated 13F filings for Q3 2025.